Greater San Diego REALTORS®: April 2026 Market Sees Benchmark Price Dip Amid Stable Sales Volume

Greater San Diego Association of REALTORS® — April 2026

The Greater San Diego housing market reported a Composite Benchmark Price of $860,000 in April 2026, a decrease from both the prior month and year. Total sales remained stable at 53 transactions, reflecting a 5.7% year-over-year decline, while Months of Inventory held at 3.8, indicating a continued sellers' market.

Market Analysis

The Composite Benchmark Price for the Greater San Diego area registered $860,000 in April 2026, according to figures from the Greater San Diego Association of REALTORS®. This represents a decline from March 2026's benchmark of $900,000 and a decrease from April 2025's $890,000. Despite this price adjustment, the market maintains its status as a sellers' market, driven by inventory dynamics.

Total sales for April 2026 reached 53 units, a slight increase from the 52 sales recorded in March 2026, but a 5.7% decrease compared to the 60 sales in April 2025. New listings totaled 80 for the month, contributing to 196 active listings. This level of active inventory is higher than March 2026's 182 and April 2025's 164, suggesting a gradual increase in available properties. The Sales-to-New Listings Ratio (SNLR) stood at 66.3%, indicating that a significant portion of new listings are being absorbed by buyer demand.

Months of Inventory (MOI) for April 2026 was 3.8, a modest increase from 3.4 in March 2026 and 3.5 in April 2025. While inventory has seen a slight uptick, the MOI remains below the threshold typically associated with a balanced market, reinforcing the prevailing sellers' market conditions. This suggests that while buyers may have more options than in previous periods, competition for desirable properties persists.

Property Type Analysis

In April 2026, detached homes continued to dominate sales activity across the Greater San Diego market, accounting for 50 of the 53 total sales reported by the Greater San Diego Association of REALTORS®. Attached/townhouse properties recorded 3 sales. While specific benchmark prices for these property types are not available for the overall region, data from the Fallbrook (92028) area provides insight into local trends. In Fallbrook, detached homes saw a median price of $885,750, representing a 12.3% decrease year-over-year in median price, alongside a 5.7% decrease in closed sales. Attached properties in Fallbrook recorded a median price of $418,000, a significant 30.9% decrease from the prior year, with closed sales down 70%.

Regional Highlights

Focusing on the Fallbrook (92028) area, the market dynamics for April 2026 show distinct characteristics. Detached homes in Fallbrook spent an average of 71 days on the market and sold for 97.9% of their list price. New listings for detached homes totaled 76, contributing to an inventory of 163 units and a months' supply of 3.8. For attached properties in Fallbrook, the market was notably faster, with homes selling in 28 days on market and achieving 99% of their list price. New listings for attached homes were 4, with an inventory of 33 units and a higher months' supply of 7.6, suggesting more options for buyers in this segment within Fallbrook.

For Buyers

Buyers in the Greater San Diego market should note the slight increase in active listings and the dip in the Composite Benchmark Price, which may present opportunities. Despite these shifts, the market remains competitive with a 3.8 Months of Inventory. Being pre-approved and prepared to act decisively on well-priced properties is crucial, especially for detached homes, which continue to see strong demand.

For Sellers

Sellers can leverage the ongoing sellers' market conditions, characterized by a low Months of Inventory and a healthy Sales-to-New Listings Ratio. While the Composite Benchmark Price has seen a decrease, strategic pricing remains key. Given the increase in active listings, presenting a well-maintained and competitively priced property can attract strong offers and facilitate a timely sale.